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MoonXBT, the leading crypto social trading exchange, signed the MOU with Securities and Exchange Regulator of Cambodia (SERC) on Oct, 11th at One Central Tower in Phnom Penh, Cambodia. MoonXBT will work with SERC closely in cooperation to promote the development of the digital assets in Cambodia in the regards of raising awareness and human resources, etc.
The MOU signing conference was attended by some of the highest level officials and guests including the chief director of SERC, Sou Socheat, the vice dean of China Development Institute (CDI), Dr. Qu, the former vice president of Bank of China, Dr. Wang, and the deputy head of division at securities and exchange commission of Cambodia, Pich Rithy.
MoonXBT, represented by its country manager Anderson, is the only crypto exchange at site among other attendees to have signed the MOU. MoonXBT is the second crypto exchange after Binance who also signed the MOU with SERC in June this year. However, MoonXBT is the only crypto exchange to be given the chance to make a presentation about the platform itself at the signing ceremony.
Mr. Sou Socheat, the chief director of SERC, made a post emphasising the cooperation between SERC, CDI and MoonXBT on his personal Facebook account as well.
This is great recognition of the legitimacy and professionalism of MoonXBT as a crypto exchange platform given that it can be chosen as a second exchange following Binance to work with SERC, according to Anderson, the country manager of MoonXBT.
Moreover, it showcases MoonXBT’s total capability to work in compliance with regulations. “This means much more than getting licences from local government, this is the trust to MoonXBT from the top government straightforward,” says Anderson. In addition to Cambodia, MoonXBT is also working with local regulators in other countries and regions as well. But with this start, the platform is expected to get regulatory recognition in more countries soon.
According to the MOU, MoonXBT will provide support to the SERC for further development, adoption, and implementation of related frameworks and laws pertaining to new financial products, including the digital assets.
“Signing the MOU is definitely a milestone for the development of MoonXBT. It will take this chance to fast forward its global regulatory compliance work, and will also use the experience it has gathered in the region to promote the development of Cambodia’s digital asset class,” says Anderson of MoonXBT.
For more information, please visit: www.moonxbt.com
MoonXBT is the world’s first cryptocurrency social trading platform focusing on the deep integration of transaction and social interaction. At moonXBT, traders are presented with multiple trading choices including liquid contracts, options and spot trading. Meanwhile, they are also offered with the innovative one-click copy trading service, in-app trading forums and chances for trading battles to get socially engaged while making profits. Headquartered in Singapore with offices in Hong Kong, Malaysia, South Korea, Japan, and Vietnam, MoonXBT is committed to build a vibrant and international crypto community pillared by the principles of “friendliness, simplicity, freedom, and integrity.”